Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of Commerce, which spends more to lobby Congress than anyone else, saw long-sought legislation on asbestos claims advance in Congress today.
The largest U.S. trucking association is vowing to reconsider its support for Republicans after last week’s debt-limit standoff in Washington, escalating a feud between industry groups and the small-government Tea Party movement.
Thomas Donohue, the president and chief executive officer of the U.S. Chamber of Commerce, said that while his organization respects the small-government instincts of Tea Party Republicans, he can’t support efforts to shut down the government or block increases to the debt ceiling.
President Barack Obama said he could accept a temporary reprieve from the partial government shutdown and threat of a U.S. default while he negotiates with Republican leaders over fiscal and health policy.
U.S. House Speaker John Boehner insisted on immediate negotiations with Barack Obama, rejecting the president’s stance that he’ll talk only after the partial government shutdown ends and the risk of default is pushed back.